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1097-51-Raise Loan to Meet Expenditures
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1097-51-Raise Loan to Meet Expenditures
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6/11/2013 4:03:31 PM
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5/29/2012 9:26:40 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/19/1951
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
1097-51-Raise Loan to Meet Current Expenditures of Rds
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By-law
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JANUARY REGULAR SE SSION, 1961 66 <br />BY -LAW No. 1097 <br />A BY -LAW OF ME COUNTY OF ESSE% TO RAISE A LOAN <br />TO MEET IME CURRENT EILI?ZNDlTUREB OF THE COUNTY <br />ROAD SYSTEM FM THE YMA:R 1961. <br />WHEREAS it has been deemed expedient to raise by way of <br />loan the sum. of Four Hundred Thousand Dollars ($400,000.00) rs► <br />Vuirod to meet the Current Expenditw ee of the County Roads Sys- <br />tem during the year 1881. <br />BE IT THMUVM enacted by the Municipal Council od the <br />Corporation of the County of Essen as follows. <br />1 That it shall and may be lawful for the Corporatioa of the <br />County off Essex to borrow from any Chartered Baarize or Dart tie <br />sum of Four Hundred Thousand Dollars ((2400,000.00) for the <br />Purpose aforesaid to meet the Current Expenditures cd the CoDaty <br />,Roads System for the year 1861 by demand notes at the rate od <br />(4%) Four percent per annum <br />8 That the Warden and Treasurer of the County of Esea: <br />be sad they are hereby authorised to enter into neewmarY aree- <br />ments to carry into effect the said loan. <br />8 That all and any revenues of the Corporatioa are bwaby <br />ehaeged with repayment of all moneys borrowed under the aatbaeity <br />of this by -law and the said Charterod Samoa or am* are bweby <br />declared to have a jwn upon all the said revenues until the leans <br />ereated under the authority of the said byhM are tuft gat*&& <br />4 That the Trsesum is hereby autkwiaed ami direeted % <br />apply as en"h of tibe revenues of the Corporation as way be xeees. <br />NUT fa t?+ia►snt of the obligations of the Cerporatloa *Mi" aA <br />aforesaid. <br />
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